STL Trustees Limited has unveiled its Children Education Trust, aimed at guaranteeing the educational pursuit of subscribers’ children, addressing the topmost concern of parents – providing a solid education for their children.
Mr. Akin Oni, the Head of Trust Services/Legal at STL Trustees Limited, emphasized the product’s role in laying a solid foundation for the future success of clients’ children. He highlighted that the trust ensures uninterrupted education for clients’ children, even in the event of the parent’s demise.
Unlike traditional savings or investment plans for children’s education, the STL Children’s Education Trust offers unique benefits. One key advantage is the trust feature, allowing the trustee to disburse funds without hindrance, regardless of whether the parents are alive or not.
In the unfortunate event of a subscriber’s demise, STL Trustees immediately assume the role of a sponsor within the limits of the accumulated funds under the product. This ensures that the student’s education is funded, covering school fees and educational materials.
Additionally, the funds placed under the trust are not left idle but are invested in growing the value of the trust, generating returns that are compounded yearly. This approach ensures the long-term sustainability and growth of the trust, benefiting the education of subscribers’ children.
STL Trustees’ Children Education Trust provides peace of mind to parents, offering a reliable and secure way to plan for their children’s education, even in unforeseen circumstances.
“STL Trustees have the technical knowledge of instruments appropriate for a trust fund. We also hold our clients and subscribers the fiduciary duty of care to choose the instrument that best suits the purpose,” he said.
